G-III Apparel price target lowered to $13 from $18 at Barclays

Barclays analyst Adrienne Yih lowered the firm’s price target on G-III Apparel to $13 from $18 and keeps an Equal Weight rating on the shares. PVH and G-III announced that PVH will bring the licensed Calvin Klein and Tommy Hilfiger businesses in-house over a multiyear period as they expire, says Yih, who estimated the impact for each company.